25% CAGR growth by 2023 in Mobile health (m-Health) market |Major Players - MEDTRONIC, PHILIPS HEALTHCARE, OMRON CORPORATION, JOHNSON & JOHNSON, QUALCOMM LIFE, AT&T INC., CISCO SYSTEMS, INC., BAYER HEALTHCARE, amongst others.

Asia-Pacific to Grow at Rapid Rate

North America dominates the market of mobile health as monitoring services are largely adopted in the region. Europe and Asia-Pacific follow North America, in terms of market shares. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period; this is due to the increase in awareness of diseases among the people and high penetration of mobile platforms in the Asia-Pacific region.

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The use of mobile devices by healthcare professionals has transformed many aspects of clinical practice. It has led to rapid growth in the development of medical software applications (apps) for these platforms. Factors, such as rise in mobile and tablet usage, increased awareness levels among the population about the potential benefits of healthcare management, increased need of point-of-care diagnosis and treatment, and increasing focus on personalized medicine and patient-centered approach, is driving the growth of the mobile health market. Protecting the privacy and safety of research participants is a main issue of market.

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Market Segments:
Mobile health (m-Health) market is segmented by:
1. Service Type: Monitoring Services, Diagnostic Services, Treatment Services, Wellness and Fitness Solutions, Other Services
2. Device Type: Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body & Temperature Monitors, Remote Patient Monitoring Devices, Others
3. Stake Holder: Mobile Operators, Healthcare Providers, Application/Content Players, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• July 2017: Cisco acquired network security startup, Observable Networks.
• June 2017: Johnson & Johnson acquired the Actelion.

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